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24DecDecember 24, 2024

No growth in UK real GDP in Q3 2024: ONS estimates

UK real GDP is estimated to have shown no growth in Q3 2024, revised down from the first estimate of a 0.1-per cent rise, the Office of National Statistics said. The quarterly path of real GDP at an aggregate level is unchanged from Q1 2023 to Q1 2024. However, there have been downward revisions of 0.1 percentage point in Q2 and Q3 2024. A 0.4-per cent fall in production was recorded in Q3 2024. UK real GDP is estimated to have shown no growth...

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24DecDecember 24, 2024

DRDO, IIT Delhi, firms sign MoUs for protective clothing production

Ten pacts have been signed among the DRDO, IIT Delhi and industry partners. These include those on transferring technology of light-weight bullet-resistant jacket to Mishra Dhatu Nigam, Rohtak; SMPP Pvt Ltd, Delhi; and AR Polymers, Kanpur; and for limited series production of extreme heat protective clothing with Arrow Garments and two other companies based in Delhi. Ten pacts have been signed among the DRDO, IIT Delhi and industry partners. These include those on transferring technology of light-weight bullet-resistant jacket to Mishra Dhatu Nigam,...

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24DecDecember 24, 2024

Global sportswear giants post strong financial gains in 2024

The sports and activewear industry saw a robust performance as of September 2024. American company Under Armour, however, showed a decline. Companies like Goldwin Inc and Amer Sports reported significant increases in sales and profits, while Adidas AG exceeded expectations in its third quarter. Puma SE and Gildan Activewear experienced moderate growth, mainly in sales or profits. The sports and activewear industry saw a robust performance as of September 2024. American company Under Armour, however, showed a decline. Companies like Goldwin Inc and Amer Sports reported...

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24DecDecember 24, 2024

South Korea’s apparel imports gain 5% to $907 mn in Nov 2024

In November 2024, South Korea's apparel imports rose to $907.518 million, marking a 5.22 per cent increase year-on-year, despite a sharp 32.16 per cent decline from October. Over the year, total imports amounted to $11.430 billion, with significant contributions from both knitted and non-knitted apparel. The country also maintained robust exports of textile materials. In November 2024, South Korea's apparel imports rose to $907.518 million, marking a 5.22 per cent increase year-on-year, despite a sharp 32.16 per cent decline from October. Over the year,...

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24DecDecember 24, 2024

Nov German industrial products producer prices up 0.1% YoY, 0.5% MoM

The producer prices of industrial products in Germany were 0.1 per cent higher YoY and 0.5 per cent higher month on month (MoM) in November. This was the first YoY increase recorded since June 2023. Higher capital goods prices were the main reason for the YoY rise. When energy prices are excluded, producer prices in November were up by 1.3 per cent YoY and down by 0.1 per cent MoM. The producer prices of industrial products in Germany were 0.1 per cent higher YoY...

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24DecDecember 24, 2024

UK manufacturing output falls fastest since 2020 amid weak demand

UK manufacturing output fell sharply in Q4 2024, with volumes dropping at the fastest pace since mid-2020 (-25 per cent) and further declines expected by Q1 2025 (-31 per cent), per CBI. Order books weakened significantly, export orders fell, and stocks of finished goods were high. Selling price inflation rose. Political instability and budget impacts drove low confidence. UK manufacturing output fell sharply in Q4 2024, with volumes dropping at the fastest pace since mid-2020 (-25 per cent) and further declines expected by Q1...

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23DecDecember 23, 2024

Indian Textiles Ministry launches agro-textile centre in Gujarat

India's Ministry of Textiles, in collaboration with SASMIRA, has launched a climate-smart agro-textile demonstration centre in Navsari, Gujarat. Covering 15,000 square metres, it showcases agro-textile solutions like shade nets, ground covers, and pond liners. The centre will provide live demonstrations, practical training, and IoT-based monitoring. India's Ministry of Textiles, in collaboration with SASMIRA, has launched a climate-smart agro-textile demonstration centre in Navsari, Gujarat. Covering 15,000 square metres, it showcases agro-textile solutions like shade nets, ground covers, and pond liners. The centre will provide live demonstrations,...

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23DecDecember 23, 2024

60 textile firms closed in Indonesia between 2022, 2024: APSyFI

Sixty textile firms closed in Indonesia between 2022 and 2024 and around 250,000 workers in the sector lost their jobs, according to the Association of Indonesian Filamentary Filament & Benang Producers (APSyFI). The closures were triggered by the increasing illegal imports, APSyFI general chair Redma Gita Wirawatasta said. Around two-fifths of goods entering Indonesia are not officially registered. Sixty textile firms closed in Indonesia between 2022 and 2024 and around 250,000 workers in the sector lost their jobs, according to the Association of...

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23DecDecember 23, 2024

SWA Lithium & KTS launch field-pilot DLE plant in South West Arkansas

SWA Lithium and Koch Technology Solutions have launched a field-based pilot DLE plant at the South West Arkansas Project to refine design data and produce battery-quality lithium carbonate for qualification with potential off-take partners. The plant will operate until January 2025, producing 1,000 gallons of lithium chloride solution for vendor evaluation and partner negotiations. SWA Lithium and Koch Technology Solutions have launched a field-based pilot DLE plant at the South West Arkansas Project to refine design data and produce battery-quality lithium carbonate...

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23DecDecember 23, 2024

Germany’s INEOS Styrolution unveils recycled polystyrene yoghurt cup

INEOS Styrolution has completed a project using mechanically recycled polystyrene in yoghurt cups, achieving food-contact quality via its EU-registered ‘super clean process.’ Consumer tests showed 90 per cent acceptance. The innovation, meeting new EU packaging rules, reduces CO2 footprints and will debut in Lidl stores in early 2025, advancing circularity. INEOS Styrolution has completed a project using mechanically recycled polystyrene in yoghurt cups, achieving food-contact quality via its EU-registered ‘super clean process.’ Consumer tests showed 90 per cent acceptance. The innovation, meeting new EU packaging...

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